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CN Jan M2 Money Supply Rises 9% YoY, vs Mkt Expected 8.3% Hike
Recommend 6 Positive 9 Negative 3 |
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At the end of January, the broad money (M2) balance in China was RMB347.19 trillion, up 9% YoY, compared to the market expected 8.3% increase, as announced by the People's Bank of China (PBOC). The narrow money (M1) balance was RMB117.97 trillion, growing 4.9% YoY, compared to the market consensus of a 3.6% rise. The balance of money in circulation (M0) was RMB14.61 trillion, up 2.7% YoY. In January, net cash injection amounted to RMB519.1 billion. AASTOCKS Financial News Website: www.aastocks.com |
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